Residential Property - Single Family Residence in Lakeland
Listing Price: $287,000 (Mortgage Calculator →)
Description of Property
Excellent income-producing opportunity in Lakeland featuring a main residence plus detached in-law suite (ADU). The main home offers 3 bedrooms, 2.5 bathrooms, plus a den/office, while the rear unit includes 1 bedroom, 1 bathroom, and a kitchen — ideal for rental income, multi-generational living, or living in one while renting the other! Strong upside potential with the ability to generate multiple income streams. With improvements and stabilization, similar properties in the area have supported combined rents in the ~$2,500–$3,000+/month range (buyer to independently verify). The In-Law Suite is currently on rent for $1000/month with a month to month lease, that's immediate income! Property includes a fenced backyard, additional storage structures, and an in-ground pool. The pool is currently not in service and may require repair or restoration. Being sold AS-IS, this property presents a great opportunity for investors or buyers looking to add value and maximize returns. Conveniently located near shopping, major roads, and central Lakeland amenities.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lakeland
County: Polk
Subdivision: Shore Acres Gardens Rep
Bedrooms: 5
Bathrooms: 3
Half Baths: 1
Sq. Ft. Gross: 8,320
Sq. Ft. Living Area: 2,051
Cost per (heated) sqare foot: $140
Year built: 1949
Annual Tax: $3,714
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Additional Rooms: Den/Library/Office
Flooring: Vinyl
Schools
Elementary School: Crystal Lake Elem
Middle/Junior High School: Crystal Lake Middle/Jun
High School: Lakeland Senior High
Pool & Waterfront Info
Private Pool: Yes
Pool Features: Outside Bath Access
Exterior & Construction
Architectural Style: Traditional
Construction: Wood Siding
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Storage
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Other Structures: Storage
Sewer: Septic Tank
Water Source: Public
Lot Information
Lot Size (acres): 0.19
Lot Size (sq. ft.): 8,320 square feet
Front Exposure: Southwest
Legal Description & Other Information
Parcel Number: 242816181000007140
Zoning: R-2
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: REPLAT SHORE ACRES GARDENS PB 31 PG 31 BLK 7 LOTS 14 & BEG SLY COR LOT 15 RUN NWLY ALONG SWLY LINE 15 FT NELY 130.04 FT M/L TO NELY LINE SAID POINT BEING 12 FT NWLY FROM ELY COR LOT 15 SELY 12 FT TO COR SWLY 130 FT TO POB
Section: 16
Range: 24
Listing courtesy of THE FLORIDA PROPERTY SHOP SALE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.